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Ethereum Outshines Bitcoin in ETF Inflows as Institutional Momentum Builds

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  • Ethereum ETFs saw 154,000 ETH in weekly inflows, a fivefold surge over the recent average.
  • A single-day record of 77,000 ETH flowed into spot ETFs on June 11.
  • Institutional investors are rotating from BTC to ETH, attracted by staking yields and broader utility.
  • Bitcoin ETFs recorded only 7,800 BTC in inflows, reflecting stagnation and growing volatility.

Ethereum is emerging as the dominant force in crypto ETF inflows this week, signaling a possible shift in institutional sentiment toward the second-largest cryptocurrency by market cap. According to on-chain analytics firm Glassnode, spot ETH exchange-traded funds (ETFs) saw a substantial 154,000 ETH in net inflows over the past week, marking a fivefold increase over its recent weekly average.

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The numbers sharply contrast with Bitcoin’s more modest performance, which saw just 7,800 BTC in total inflows during the same period. The highlight came on June 11, when a record-breaking 77,000 ETH flowed into Ethereum spot ETFs in a single day, the highest daily total for ETH so far this month. This unprecedented influx has sparked renewed discussions about Ethereum’s evolving role in institutional portfolios, especially as it inches closer to the critical $3,000 price level.

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Market observers attribute this surge in ETH ETF activity to a combination of technical and macro factors. Ethereum’s improving fundamentals, ranging from its expanding role in decentralized finance (DeFi) and staking to its growing developer ecosystem, are strengthening its case as a multi-functional crypto asset rather than just a speculative play. In particular, the recent buzz around ETH staking yields and ongoing Layer 2 scaling advancements may be contributing to the inflow momentum.

Ethereum ETF Momentum Surges as Bitcoin Inflows Stall

Meanwhile, Bitcoin ETFs, while still considered the cornerstone of institutional crypto adoption, have seen relatively flat activity. The 7,800 BTC in net inflows this week represents only a slight increase over the recent norm and pales in comparison to the 7,900 BTC that entered ETFs in a single day on May 23. Adding to the uncertainty, Bitcoin ETF flows have been increasingly volatile, with early June witnessing back-to-back sessions of sharp redemptions and inconsistent investor participation.

The widening gap in ETF inflows between Ethereum and Bitcoin may reflect a growing appetite for assets with broader utility and potential upside.

Analysts highlight several factors behind the growing divergence in ETF flows between Ethereum and Bitcoin. Institutions appear to be rotating capital from BTC to ETH in search of higher upside, especially as Ethereum’s price gains momentum. Speculation around new Ethereum ETF features, like staking-enabled products, is also boosting investor interest.

More broadly, Ethereum’s versatile use cases across DeFi, smart contracts, and NFTs are positioning it as a more dynamic asset compared to Bitcoin’s traditional store-of-value appeal, prompting a shift in institutional allocation strategies.

Although Bitcoin remains the dominant digital asset in terms of total ETF exposure, Ethereum is gaining ground. The recent uptick in institutional interest could mark the early stages of a broader reallocation trend in the crypto investment landscape.

If Ethereum’s ETF momentum persists, it could drive further price appreciation and solidify ETH’s position as not just a runner-up to Bitcoin, but as a leading force in the next phase of institutional crypto adoption.

Related | SEC Hits Pause on Grayscale Hedera ETF Amid 2025 Hype

Plume Network Mainnet Goes Live with $150 Million in On-Chain Real-World Assets

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  • Plume Network launched its mainnet with $150M in tokenized real-world assets on-chain.
  • The modular Layer 2 supports DeFi access to assets like credit, debt and solar farms.
  • Over 200 projects, including Curve and Morpho, are already building on Plume’s RWAfi network.

Plume Network, a blockchain platform dedicated to tokenizing real-world assets (RWAs), officially launched its Genesis mainnet on June 5. The company announced that its network has gone live with $150 million in RWAs already deployed on-chain. 

Supported by investors such as Apollo Global and Haun Ventures, Plume seeks to broaden the digital asset tokenization market by allowing a diverse range of traditional assets to engage with decentralized finance (DeFi) protocols.

Plume Network Introduces DeFi Composability for Tokenized Assets

The newly launched Layer 2 blockchain, which is Ethereum Virtual Machine (EVM) compatible, allows real-world assets to operate within DeFi ecosystems. Plume network stated that its modular network enables users to stake stablecoins into institutional-grade vaults, receiving yield-bearing tokens in return. These tokens can be reused across DeFi protocols for lending, borrowing, and yield generation.

According to co-founder and CEO Chris Yin, the protocol redefines tokenized real-world assets as composable and yield-generating components that mirror native crypto behavior. “By introducing new DeFi use cases to institutional-grade assets, we’re making RWAs as easy to use as any other crypto asset,” Yin said.

Plume network’s flagship product, Nest vaults, supports permissionless staking of stablecoins. The platform offers audited and liquid positions in assets such as consumer credit, corporate debt, solar farms, and Medicaid claims. Users can utilise these RWA tokens to borrow additional capital and enhance yield potential within the same ecosystem.

Strategic Investments and Ecosystem Support

Major investors have supported the company’s development. With Haun Ventures leading the seed funding the startup raised $10 million and received a Series A funding of $20 million with contributions from Galaxy and Brevan Howard. Additionally, in April, Apollo Global made a strategic investment in the project, followed by support from YZi Labs. 

At launch, Plume network reported integrations with major DeFi platforms, including Morpho, Curve, Matrixdock, and Orderly. The firm said that the ecosystem currently hosts over 200 projects focused on real-world asset finance (RWAfi). Partnerships also include Mercado Bitcoin, which helped tokenize $40 million in Brazilian assets earlier this year.

The company claims that its blockchain testnet processed 280 million transactions within eight weeks. This reflects a growing demand for infrastructure that can tokenize and deploy real-world assets on-chain at scale. By diversifying its asset portfolio, the network is helping to grow a market that is now valued at more than $23 billion, according to RWA.xyz.

Regulatory Engagement and Market Expansion Plans

The company’s executives highlighted that clarity in tokenized finance regulations was the main reason for the decision to launch the mainnet. According to co-founder Teddy Pornprinya, the recent regulatory developments allow institutions to have safe and legal opportunities to interact with RWAs.

Plume also noted that it is actively working with regulators in the U.S., Europe, and the UAE to align its technology with global compliance standards. The network plans to expand supported asset classes beyond debt and credit, targeting categories such as fine art, trading cards, and uranium.

Related Reading | Solana is Struggling to Break Resistance $164.50; Further Correction Might Happen

SharpLink and Consensys Secure $425M to Build Largest Public Ethereum Treasury

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  • SharpLink secures $425M from Consensys, becoming largest public ETH holder globally.
  • Ethereum co-founder Joseph Lubin joins SharpLink board after $425M treasury funding.
  • SharpLink’s $425M ETH treasury to include DeFi and staking, a Nasdaq-listed first.

SharpLink Gaming revealed a $425 million private placement, allowing the company to secure Ethereum (ETH) as its main treasury reserve asset. With this transaction, SharpLink holds the largest publicly traded holder of Ethereum, prompted by a growing trend among companies to diversify into digital assets. 

The funding round, finalized on Monday, was led by Consensys Software, the blockchain firm behind MetaMask, with major participation from Galaxy Digital, Pantera Capital, Electric Capital, Arrington Capital, and several other crypto-focused investors. With the new funding, Joseph Lubin, co-founder of Ethereum and CEO of Consensys, has taken on the role of chairman of SharpLink’s board of directors. 

In a statement, Lubin said, “This partnership with SharpLink represents more than just a financial milestone: it reflects the growing recognition across capital markets that programmable assets like ETH play an important role today in how value, trust, and financial systems are structured globally.” 

The investment round was funded in both fiat currency and ETH, and includes notable venture capital firms as well as the company’s own leadership team.

Ethereum Treasury Strategy Signals Shift Among Public Companies

SharpLink’s decision to keep most of its funds in ETH is a key development in the adoption of crypto assets in the public market. With the new funds, the company will have ParaFi and Galaxy Asset Management manage its Ethereum through signed management agreements. 

This strategy allows the company to participate in protocol-level activities such as staking and decentralized finance (DeFi) mechanisms, unique to the Ethereum network.

CEO Rob Phythian stated, “With this investment, we’re not only strengthening our affiliate marketing business, but also pioneering an Ethereum-based treasury strategy by a Nasdaq-listed company.”

The company’s shift comes at a time when other companies, such as DeFi Development Corporation and Trump Media & Technology Group, have announced large crypto holdings, but SharpLink is the most prominent public company to focus solely on Ethereum. ETH currently powers the majority of stablecoin payments and DeFi activity, and holds more than 51% of the stablecoin market share, according to a Bernstein investment note.

SharpLink Shares Experience High Volatility Amid Treasury Announcement

Despite the successful funding round and new strategic direction, SharpLink shares (SBET) experienced extreme volatility. After closing at $76.70 on Friday, shares dropped more than 38% to $47.16 on Monday.

While this marks a steep fall from last week’s peak of $124, shares remain up over 1,100% from their price in late May. The recent moves reflect both investor enthusiasm for the Ethereum pivot and growing scrutiny of market risks as the company steps into uncharted territory for a Nasdaq-listed firm.

Ethereum traded near $2,532 on Monday, with analysts forecasting potential new highs if market conditions remain favorable.

Binance Coin (BNB) Dominates DEX Volume While Price Eyes Major Breakout

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  • BNB breaks multi-year resistance, with analysts projecting potential targets up to $3,975 based on technical patterns.
  • BNB Chain leads DEX volume, recording $13.31B, significantly outpacing Ethereum and Solana amid growing CeDeFi adoption.
  • VanEck’s BNB Spot ETF filing and the SEC dropping its case against Binance boost institutional confidence.

Binance Coin (BNB) has captured the spotlight following a significant structural shift in the market, increased trading activity, and dominant performance within the blockchain ecosystem. Recent developments suggest that BNB may be poised for a powerful upward trajectory if current momentum holds.

The coin recently broke through a long-standing resistance zone between $600 and $650, a ceiling that had capped the token’s growth for over two years. Crypto analyst Crypto Patel highlighted this move as a key signal of a potential trend reversal.

The breakout, which follows a pattern of historical accumulation and price compression, has set the stage for ambitious price targets. Patel suggests that the coin could reach $1,522 in the short term, with a bull market continuation potentially driving the asset to as high as $3,975.

Technical tools, including Fibonacci extensions and channel analysis, support this outlook. Resistance zones at $1,000, $1,522, and $2,000 have emerged as crucial areas to watch. If the broader crypto market maintains its current strength, these levels may be tested sooner than expected.

BNB Chain DEX Volume Surges Past Ethereum, Solana

Beyond technical indicators, BNB’s underlying network activity is reinforcing its bullish case. On May 26, BNB Chain recorded an astonishing $13.31 billion in decentralized exchange (DEX) volume, far surpassing Ethereum’s $1.675 billion and Solana’s $2.32 billion, according to data from Cipher X and DeFiLlama.

This sevenfold advantage over Ethereum and nearly sixfold lead over Solana highlight not just temporary interest but sustained growth. The BNB Chain has now overtaken the cumulative DEX volume of the top 10 blockchains combined, underlining its ecosystem’s expanding influence.

Fueling this volume surge is the growing integration of CeDeFi services via Binance. Tools like the Binance Wallet and Binance Alpha have played pivotal roles. On May 25 alone, Binance Wallet processed 96.1% of all wallet-based trades, handling over $7.76 billion in volume.

A Dune Analytics report as of May 29 further confirms BNB Chain’s network dominance, showing it accounted for 98.6% of all on-chain trades among tracked chains. Binance Alpha’s enhanced discovery and Web3 usability features have significantly boosted user retention and activity, solidifying the BNB ecosystem’s reputation for accessibility and engagement.

VanEck’s BNB ETF Sparks Traditional Finance Interest

Recent institutional and regulatory developments have also bolstered investor confidence. Asset manager VanEck’s filing for a BNB spot ETF has sparked renewed interest from traditional finance, even as the timeline for potential approval remains uncertain.

Additionally, the U.S. SEC’s decision to drop its legal case against Binance has lifted a major cloud over the ecosystem, easing concerns among institutional investors and regulatory observers alike.

These developments, combined with the surge in exchange listings and ongoing upgrades to BNB Chain infrastructure, have created favorable conditions for a mid-term rally.

Despite the bullish outlook, short-term price action has shown signs of cooling. At the time of writing, the coin was trading at $653.63, down 0.08% on the day after failing to hold above the $670 mark. This retreat signals some near-term selling pressure as traders await the next catalyst.

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Still, the broader narrative remains intact. With the technical, ecosystem, and institutional factors aligning, the coin is emerging as a leading contender in the ongoing DeFi race.

Related | Ethena Debuts on TON Blockchain, Stablecoin Savings Reach 1 Billion Users

Moonbirds NFT IP Boldly Sold by Bored Ape Creator to Gaming Startup

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Key Takeaways

  • Orange Cap Games has acquired the Moonbirds NFT IP from Yuga Labs as the latter refocuses its business strategy.
  • This is Yuga Labs’ third NFT IP sale in 2025, following earlier divestments of CryptoPunks and Meebits.
  • The future of Moonbirds under Orange Cap Games remains unclear, but integration with blockchain and gaming appears central.

Yuga Labs, the cryptocurrency company most famously known for its Bored Ape Yacht Club collection, has sold the Moonbirds NFT intellectual property to Orange Cap Games in a deal that mirrors the company’s strategic priorities in evolution.

The sale, whose financial terms have not been made public, is Yuga’s third IP transaction of 2022. Earlier this year, Yuga sold the intellectual property rights for Meebits and CryptoPunks, which represents a significant shift away from diversifying within NFTs.

Originally acquired by Yuga Labs in early 2024 as part of a broader purchase of creator Proof, the Moonbirds IP was once a flagship project within the Ethereum NFT space.

However, with Yuga now doubling down on its core initiatives, most notably the Bored Ape Yacht Club ecosystem and its metaverse project, the decision to divest seems in tune with a more focused long-term vision.

Orange Cap Expands NFT Gaming Portfolio Aggressively

Orange Cap Games is a new player in the blockchain gaming market, but recently took over the Moonbirds brand. The studio, known for its hybrid approach to physical and digital experiences, just launched its trading card game based on Pudgy Penguins on the Ethereum layer-2 network.

The acquisition of Moonbirds is a sign of increasing ambition to expand its IP portfolio as well as its presence in the NFT-powered gaming space.

While Orange Cap hasn’t explicitly said what it will do with Moonbirds, the brand assets it may create in the future could run on Ethereum’s mainnet or ApeChain, Yuga’s affiliated layer-2 network. The Moonbirds assets will still be featured in Yuga’s Otherside metaverse, so there will be some consistency between the two firms.

NFT Market Evolution Continues

Moonbirds, which launched in April 2022 at the height of NFT fever, saw remarkable early sales with over $280 million in transactions in its first weekend. Although Proof had sparked significant early interest and raised a lot of money, the subsequent decline of the NFT market hit its creator hard.

Community engagement dropped, and momentum fizzled. The 2024 acquisition by Yuga was considered a breath of fresh air for the project, but it has recently passed into new hands again.

The Moonbirds sale caps off a big trend of 2025: acquisition or realignment around core assets by the major players. As Yuga Labs shifts its focus back to its core projects, other companies like Orange Cap Games are taking on the challenge of breathing new life into classic NFT brands.

The brand’s resurgence depends on Moonbirds’ ability to captivate the audience again, and that will depend on the creative and technical prowess of Orange Cap in this swiftly changing digital world.

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Coinbase Projects FTX $5B Repayment Could Boost Market Liquidity

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  • Coinbase analysts believe that the $5B FTX repayment, issued entirely in stablecoins, could help boost crypto market liquidity and also bring about increased trading activity.
  • Unlike February’s mixed payouts, this round offers faster access to funds to both retail and institutional creditors.

Coinbase analysts have projected that the anticipated $5 billion repayment from FTX could significantly inject liquidity into the broad crypto market.

As earlier recorded by Tronweekly, the debt payment started on the 30th of May, and more than $5 billion in stablecoins have been approved as the second batch of payments. In this round, the payments are only in stablecoins, unlike the first round that happened in February, where some received crypto and others cash. 

This medium of payment gives people more freedom to use their funds right away. The disbursement process is handled by Kraken and BitGo, and both individual and large clients will get their shares within the next three days.

Coinbase Sees Payout Timing Key to Increase in Market Activities

According to the Coinbase researcher, the method of payment and the market timing could positively affect the crypto market and trading activity. They believe that this new move may cause more money to come into the market, especially from large FTX investors who can quickly put money back into the market.

They highlighted that the February payout had little effect because of investors’ weak confidence, causing the COIN50 index to drop by 16%. The drop was linked to global economic issues like trade worries and investors’ lack of interest in buying crypto. Although, things seem a little better now. 

Bitcoin recently hit a new all-time high; the new market price shows that the big players are showing fresh interest, and the U.S. rules are becoming clearer for investors. Since this round gives stablecoins directly, users, especially big ones, can reinvest faster and with fewer obstacles. The analyst also predicted that this could bring more energy to trading if enough funds flow back into exchanges.

More Reading: ETH Price Analysis: Can Ethereum Bounce Back from $2,450 or Fall to $2,100?





U.S. SEC Clarifies Protocol Staking on Proof-of-Stake Networks

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Key Takeaways:

  • The commission’s Division of Corporation Finance views protocol staking on public, permissionless PoS networks as not involving securities transactions.
  • Services like slashing protection, early unstaking, reward distribution, and asset aggregation are not considered offers or sales of securities.
  • Self-staking, self-custodial staking, and custodial staking arrangements all fall outside the definition of securities under current federal law, according to the Division.

The U.S. Securities and Exchange Commission’s Division of Corporation Finance released a statement of its views regarding certain staking activities on public, permissionless proof-of-stake (PoS) blockchains.

This clarification seeks to offer regulatory certainty regarding the application of federal securities laws to crypto assets that are being staked. Proof-of-stake networks employ a consensus mechanism in which participants stake or “lock up” crypto assets called Covered Crypto Assets in order to validate transactions on the network and secure the network.

Node operators who stake these assets are referred to as validators and are rewarded with newly minted tokens or transaction fees. The Division emphasized that the act of staking these native crypto assets does not constitute the offer or sale of securities under the Securities Act or Exchange Act.

SEC outlines three primary protocol staking forms

The division’s statement covers three primary forms of protocol staking: self (or solo) staking, self-custodial staking directly with third parties, and custodial staking arrangements. In self-staking, the node operators use their assets and resources.

In self-custodial staking, asset owners can pass on their rights to validate to another entity but still own and control their assets. In custodial staking, the crypto assets are held by a third-party custodian who stakes them for the owners.

The Division underscored that in all these staking arrangements, the staking activity is administrative or ministerial in nature and does not depend on the entrepreneurial or managerial efforts of others. Ownership and control of the assets remain with the original owners throughout the staking period.

Ancillary Services and Regulatory Implications

Beyond the stake, the Division looked at ancillary services that were typically offered in the ecosystem. These ancillary services included slashing protection, early unstaking options, alternative reward payment schedules, and asset aggregation to meet minimum staking requirements.

All were determined to be administrative and not securities offerings. Such a position implies that the participants in protocol staking and similar activities do not have to register those as it’s transactions.

This regulatory clarity lays the groundwork for further growth and development of PoS networks and staking services, all while ensuring compliance with federal laws.

Related Reading | Ethereum’s Big Test: Will Support Hold at $2,630 or Trigger a Steeper Decline?

Grayscale launches AI crypto sector with 20 tokens, promising disruption

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Key Takeaways:

  • Grayscale introduces a sixth major crypto sector focused on artificial intelligence.
  • The AI crypto sector now includes 20 tokens with a market cap of $21 billion.
  • Decentralized AI development aims to counterbalance centralized control.

In a move marking a turning point pertaining to the changing world of digital assets, Grayscale officially unveiled the “Artificial Intelligence Crypto Sector” as the Crypto Sectors’ sixth main category.

The move comes as a testament to the growing intersection of artificial intelligence with blockchain technology and as a reflection of a growing interest in decentralized AI developments from investors.

The new space includes 20 crypto assets, all intrinsically related to the creation or deployment of AI systems, with a total market capitalization of $21 billion. Compared to $4.5 billion during Q1 2023, this is a dramatic increase of more than four times over a period of a little over a year.

This newly categorized sector brings structure to what has become one of the most dynamic and discussed corners of the cryptocurrency market.

It covers a range of AI-specific subsectors: foundational platforms like Bittensor and Near; tool providers offering compute and data infrastructure such as Akash and Grass; and application-focused projects like Virtuals and Kaito.

Decentralized Crypto AI Gains Strategic Ground

Artificial intelligence, now widely regarded as the technology of the 21st century, has long been the bastion of a select few centralized powers. They control access, pipelines for development, and the level of influence over the outcomes of AI.

Grayscale’s taxonomy recognizes a changing frame, one in which decentralized networks could be the way to democratize access to AI and innovation.

Public blockchains with decentralized, trustless architecture and open protocols are becoming a response to the black-boxed development practices of the current AI titans.

Through token-based ecosystems and permissionless innovation, these platforms offer potential answers to concerns over bias, censorship, and centralized control.

A Framework for the Future of AI Investment

By adding the Artificial Intelligence Crypto Segment to its current system of classification, based on the Global Industry Classification Standard (GICS), Grayscale offers a fresh framework by which investors can monitor, benchmark, and analyze prospects for AI-driven blockchains.

With FTSE/Russell co-developed benchmarks, the move also ushers in the first institutional-quality index methodology to AI crypto. Although its size compared to the rest of the industries is not large at the moment, the AI crypto industry is set for long-term growth.

The increase in subnets across Bittensor, the increasing utility of stablecoins for AI agents, and applications generating revenue like Grass and Virtuals suggest a maturing market that is well-positioned to become a driving force within the digital space very soon.

With the increasing incorporation of AI capabilities within decentralized systems, this industry might mark a technology turning point and a structural change in the manner in which value is produced and governed during the AI era.

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Bitcoin Price Surges Past $111K as OKX Rolls Out xBTC on Solana, Aptos, and Sui

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  • BTC surpasses the $111K all-time high, as OKX launches xBTC on Solana, Aptos and Sui.
  • xBTC allows BTC holders to access DeFi backed by 1:1 without minting or burning fees.
  • Bitcoin trading increased by 77% in 24 hours with futures open interest nearing $81 billion.

OKX, a leading cryptocurrency exchange, has introduced xBTC, a wrapped version of Bitcoin, on the Solana, Aptos, and Sui blockchain networks. Meanwhile, BTC has just set a new record high above $111,000, which coincides with the network’s launch. As of May 22, 3:00 a.m. UTC, users can deposit and withdraw xBTC. Users can access xBTC to utilize Bitcoin in fast, low-cost decentralized finance (DeFi) ecosystems.

The wrapped Bitcoin token is pegged 1:1 to Bitcoin, with OKX securely holding the equivalent BTC reserves in custody. Through xBTC, Bitcoin holders can participate in lending, liquidity mining, and other decentralized finance opportunities on Solana, Aptos, and Sui. This effort is intended to make Bitcoin more useful by connecting it to smart contract-enabled networks beyond its native blockchain.

xBTC Expands Bitcoin’s Utility Across Multiple Blockchains

Wrapped tokens represent underlying assets on different blockchains, increasing the interoperability. Since Bitcoin lacks native smart contract functions, xBTC allows holders to interact with DeFi platforms on Solana, Aptos, and Sui. With OKX’s proof-of-reserves system, the value of every xBTC token is guaranteed by Bitcoin, preserving openness and safety for participants.

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Source: OKX

According to Jason Lau, OKX’s Chief Innovation Officer, the company is focused on providing smooth access to on-chain features. He noted that xBTC enables BTC owners to interact with decentralized finance applications easily and affordably. Moreover, the exchange hopes to integrate xBTC into more blockchain networks. Rising demand for products that offer BTC’s safety and the benefits of decentralized finance reflects this multi-chain approach.

According to Ash Pampati, Head of Ecosystem at Aptos Foundation, supporting xBTC highlights that Aptos is committed to real-world financial applications and supports further liquidity growth. Furthermore, Christian Thompson, Sui’s Managing Director, pointed out that this update highlights how quickly BTCfi is growing and supports the strength of the Bitcoin-focused DeFi solutions on Sui

BTC’s Recent Price Rally Supports Increased Demand for xBTC

As of May 21, 2025, Bitcoin reached a new record above $111,000. This surge has increased futures open interest and trading activities. In the past 24 hours, BTC saw its trading volume rise by 77% to over $90 billion. Prices rose 8% over the past seven days and 25% over the past month.

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Source: CoinMarketCap

OKX plans to profit from this positive development by introducing xBTC and related yield products such as staking and liquidity mining. BTC holders can mint xBTC by depositing through supported blockchains and using the wrapped tokens in various DeFi strategies. The exchange plans to add an xBTC-based income product on Solana, Aptos and Sui, bringing more Bitcoin transactions on-chain.

With the introduction of xBTC, BTC adds value to decentralized finance through its ability to act as a store of value and cross-chain interoperability. Through this initiative, OKX enables BTC holders to generate profit and interact with attractive Web3 applications while maintaining full backing and security through transparent custody arrangements.

Related Reading | Solana Explodes Past $177: Will New Consensus Protocol Drive It to $389?

Uniswap Hit with Lawsuit Over DEX Tech: Is Its Core Model at Risk?

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  • Bprotocol Foundation and LocalCoin have filed a lawsuit against Uniswap in a New York federal court.
  • The plaintiffs allege that Uniswap has used Bancor’s patented CPAMM technology without authorization for years.
  • Bancor claims it created and patented the constant product automated market maker model in early 2017.

Uniswap faces a new legal challenge as the Bprotocol Foundation and LocalCoin file a lawsuit in New York federal court. The case alleges that Uniswap has used patented decentralized exchange (DEX) technology developed by Bancor without authorization. The lawsuit raises questions about intellectual property rights surrounding constant product automated market makers, or CPAMMs.

Bprotocol Foundation Targets Uniswap’s Use of CPAMM

The Bprotocol Foundation claims that Uniswap’s platform operates using the CPAMM structure created by Bancor in 2016. With order books replaced, this model makes automated trading a key feature of DEXs today. According to Bprotocol, a provisional patent helped secure the technology in early 2017.

Bprotocol and LocalCoin designed and introduced the Bancor Protocol, which brought CPAMM trading to decentralized finance. According to court documents, this design remains foundational to how Uniswap’s protocol executes token swaps. The plaintiffs argue that Uniswap replicated these mechanisms without licensing or credit.

The filing in the U.S. District Court for the Southern District of New York means this is a serious legal challenge for the DeFi community. Bprotocol maintains that the infringement spans several years and affects Uniswap’s core architecture. The lawsuit also emphasizes Bancor’s importance in creating systems for liquidity provision on the blockchain.

LocalCoin Accuses Uniswap of Gaining Unfair Advantage

LocalCoin, the original developer behind Bancor, joins Bprotocol in pursuing damages against Uniswap for unlicensed use of the CPAMM model. The lawsuit alleges that this usage allowed Uniswap to gain a major competitive edge within the DeFi market. LocalCoin states that this benefit was developed without giving credit or payment to the founders.

The plaintiffs argue that Uniswap’s success has come partly from implementing patented features without a licensing agreement. They say the violation negatively affected Bancor’s ability to grow and succeed within the DEX market. They are suing for damages and asking for preventive actions.

They both suggest that this case is not only about lost money but also relates to how decentralized innovation is recognized. The plaintiffs placed great emphasis on defending intellectual property as blockchain is developed. The filing is unusual in this field because it affirms patent rights in an area mainly using open-source protocols.

Team Defends Open Access to Protocol

Uniswap Labs responded by dismissing the lawsuit as meritless and stating that its protocol has remained publicly accessible since launch. They say the lawsuit will not interfere with their operations and describe it as something pulling focus from their hot DeFi sector. Uniswap emphasized its commitment to transparency and innovation.

The Uniswap Foundation also stated it would support the legal defense and reaffirmed its stance on open-source development in decentralized finance. The firm confirmed again that CPAMM is a legal mechanism that can be used without breaking any enforceable patents. It plans to continue with development even as it manages legal issues.

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